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| Inside the WEBC |
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| Jan 28, 2010 |  Download
(PDF 8KB)
| | 2010-2011 GENERAL HOLIDAYS | | | Attached is a list of the 2010 - 2011 General Holidays, the qualifying period and the expencted pay dates. | | | |
| Jan 25, 2010 | Download
(PDF 8KB)
| | Recognized General Holidays, Qualifying Period & Pay Dates | | | Attached is a list of the 2010/2011 Recognized General Holidays, the qualifying periods and the pay dates. | | | |
| Jan 09, 2010 | Download
(PDF 64KB)
| | Monthly Payroll "Cut-Off" Dates | | | Attached is a list of the "cut-off" dates for monthly payroll periods | | | |
| Jan 15, 2009 | | | Deferral of Tax Change Affecting Vacation Pay & Retro Pay | | | We are pleased to announce that the BCMEA has received authorization from the Canada Revenue Agency to defer implementation of the revised lump sum tax calculation until 2010.
Deferring implementation of the changes until 2010 means that vacation payments and retro payments made during 2009 will continue to be taxed using the same methodology as was used in past years. As a result, the lower (minimum) tax rates will apply to the upcoming vacation pay cheques. This deferral applies to 2009 only and, effective January 1, 2010, the revised calculation method will take effect.
2010 Lump Sum Tax Calculation Change Affecting Vacation & Retro Pay
Please be aware that Canada Revenue Agency has revised its “Option 2” calculation used for determining withholding taxes on lump sum payments. This change only affects income taxes being withheld on vacation pay and retroactive pay. Up to December 31, 2009, the income tax on lump sums is allowed to be pro-rated evenly over the entire year; meaning that only a small amount of tax is withheld at the time vacation pay is issued, typically around payroll week 4.
Effective 2010, it will be necessary to calculate and withhold the full income taxes due on the lump sum payment at the time the payment is made. Overall, the taxpayer will still pay the same amount of income tax for the year; however the full income tax attributable to a lump sum payment will be withheld up front. | | | |
| Jan 09, 2009 | | | Payroll Direct Deposit Delay on January 8, 2009 | | | Please be advised that a clerical error, originating at the Royal Bank of Canada, resulted in a delay of the direct deposits payments for longshore and foremen employees on Thursday, January 8, 2009.
The Royal Bank confirmed that the direct deposits were released at approximately 8:30 am Thursday, January 8th and that employees banking with any of the major banks would see those deposits appearing in their accounts later that day. For those employees banking with smaller Credit Unions, there may have been a slightly longer delay caused as a result of the information having to be processed through Credit Union Central. If their Credit Union did not reflect the deposit on Thursday, it will appear Friday.
This delay affected all longshoremen and foremen receiving direct deposits paid by the BCMEA. For those member companies who pay their foremen through their own Royal Bank account, there should have been no delay. | | | |
| Dec 15, 2008 | | | Payrolls - W/E Dec. 20 & 27, 2008 | | | The pay dates for these week endings will be advanced one day to December 24 and 31, 2008 respectively. | | | |
| Dec 21, 2007 | Download
(PDF 101KB)
| | 2008 BC Provincial Tax Credits Return (TD1BC) | | | The 2008 Provincial Tax Credit Return (TD1BC) is now available. Please complete and return to the Pay Office along with the Federal Return (TD1) | | | |
| Dec 21, 2007 | Download
(PDF 101KB)
| | 2008 Federal Tax Credits Return (TD1) | | | The 2008 Federal Tax Credits Return (TD1) is now available. Please complete and return to the Pay Office along with the Provincial Return (TD1BC). | | | |
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